Transcript Document

The economic situation of
the automotive industry
Brno, 5 June 2009
Ivan Hodac
Secretary General
I. Current economic situation (1)
Vehicle Production
Europe
World*
2007:
19.7 million
2007: 69 million
2008:
18.4 million (-7%)
2008: 63 million
4th quarter 2008: -26%
1st quarter 2009: -37%
2009: 55 million**
 Forecast Europe 2009:
 Passenger cars: 11.9 million (-25%)
 Commercial vehicles: 1.2 million (-50%)
*Source: Global Insight
** ACEA remark: forecast very optimistic
I. Current economic situation (2)
PC registrations
Europe




2008:
Q4 2008:
Q1 2009:
April 2009:
Czech Republic
14.7 million (-8.0%)
-20.0%
-17.2%
-12.2%
0.14 million (+8.4%)
+2.4%
-5.9%
+19.0%
CV registrations
Europe
Czech Republic
 2008:
2.4 million (-8.9%)
 4th quarter 2008: -23.9%
 1st quarter 2009: -35.4%
0.07 million (-3.8%)
-30.0%
-40.1%
 April 2009:
-69.9%
-40.3%
NOTE: Vehicle production figures differ from registration figures because
 part of the European production is exported outside the EU
 registrations in the EU include vehicles imported from outside the EU
II. Industry demands to the EU in the
economic crisis
Safeguard level playing field
 More coordination of support measures
Framework conditions
 Avoid unnecessary administrative burden
 Respect better regulation
Access to finance
 Solve problem of access to finance for OEMs and suppliers
Stimulate demand
 More fleet renewal measures needed
Social adjustment
 Make use of European funds
III. National government support measures:
examples (1)
Germany
 Fleet renewal scheme: € 2 500 for scrapping old car and
buying one <1 year old
 Tax exemption for cars >Euro4
 € 500 million for R&D on alternative powertrains
France
 Fleet renewal scheme: € 1 000 for scrapping old car
and buying new one; can be combined with CO2 bonusmalus system
 € 6.5 bn state loans to manufacturers
 € 2 bn re-financing facility for automotive financing
companies
 Fund for the modernisation of the supply chain
III. National government support measures:
examples (2)
Spain
 €4 bn government support for the automotive sector (“Plan
Integral del Automovile en Espana”)
 €680 mil to be used for loans to manufacturers and
suppliers in production facilities
 €120 mil support for R&D investment and training
 €10 mil for electric vehicles pilot programme
 €950 mil investments in improving transport by road, rail
and sea
 About €650 mil financing facilities for automotive SMEs
 New fleet renewal scheme: €2 000 for scrapping old car and
buying new one or used car maximum 2 years old
III. Fleet renewal schemes in the EU
UK: £2 000
> 10 years
£300 Mn
10 months 2009-10
F: €1 000 + staggered tax
rebate up to € 5 000
> 10 years
New car max 160 gCO2/km
(staggered)
€220 Mn
IRL
1 year 2008 – 2009
P: €1000/1250
> 10 years, >15 years
New car max 140 gCO2/km
1 year 2009, extension?
P
NL: €750-1 000 cars
€750-1 750 LCVs
> 13 years (petrol)
> 9 years (diesel)
€65 Mn
2009 – 10
D: €2 500
further tax rebate for Euro 5/6 cars
> 9 years
Min Euro 4, max 1 year
€1.5 Bn
1 year 2009
FIN
S
N
EST
LV
LT
DK
UK
F
NL
D
B
L
CZ
CH
A
PL
SLO
E
I
A: €1 500
> 13 years
New car min Euro 4
€45 Mn
9 months 2009
RO: €1 000
> 10 years
Max 60,000 vehicles
11 months 2009
SK
H
RO
HR
BG
L: €1500/1750
> 10 years
New car max 150 gCO2/km
1 year 2009
TR
GR
CY
E: Plan 2000E: €2 000
Plan VIVE: interest free loan (€10 000 max)
> 10 years, or 250,000 km
car max 5 years, max 140 gCO2/km
1.5 years 2008 – 2010
I:
M
€1 500 – 3 000 cars
€2 500 – 6 500 LCVs
> 9 years
New car max 130-140 gCO2/km
11 months 2009
SK: €2 000
> 10 years
€22.1 Mn
9 months 2009
Campaigns
underway
Discussions
IV. Support measures at EU level (1)
The EU and the Commission lack instruments
and powers…
 for financial support (small EU budget, use very
restricted)
 for other incentives, such as tax incentives
… and could do more on regulation
 Consider high cost of regulation on automotive industry
 Respect for better regulation and use of impact
assessments
 Follow Competitiveness Council conclusions
IV. Support measures at EU level (2):
29 May Competitiveness Council
Regulation
 Simplify legislation, reduce administrative burden
 Utmost caution with new legislative measures
 Impact assessment and cost-effectiveness analysis,
including non-regulation options for all new
legislative and non-legislative proposals
 Impact assessments to reflect economic situation
 Compliance with new requirements should not cause
excessive costs to businesses
European funding
 More effective use to be made of the instruments of the
EIB and of the Structural Funds
IV. Support measures at EU level (3):
Finance and demand
European Investment Bank: Clean Transport Facility
 Loans for investment in fuel-efficient and clean technologies
 About € 7 bn will become available in 2009
 Good start, but more funding will probably be needed
Stimulate demand
 Fleet renewal schemes in 12 countries (scrapping, tax measures)
 help bridge downturn (production, employment)
 Additional measures needed for commercial vehicles
(public procurement, renewal of bus fleet, investment in
infrastructure)
IV. Support measures at EU level (4): Social
adjustment
European Globalisation Adjustment Fund
 for job search assistance
 Adopt new rules quickly
 Do not to establish additional criteria (bankruptcies, closures of
production sites)
European Social Fund
 for training and retraining
 significant resources, but lack of transparency and complex
procedures
Make use of the instruments available
at European level
V. Conclusions
The industry

faces the biggest downturn in recent history

remains viable in the long term

needs quick, short-term support for financing, stimulating
demand and social adjustment
What the EU and Member States can do

Framework conditions: Scrutinise new and existing
regulation regarding better regulation, avoiding
unnecessary administrative burden

Roadmap of envisaged legislative and non-legislative
initiatives

Access to finance: increase EIB funding

Demand stimulus: Fleet renewal schemes

Use European Globalisation Adjustment and Social Fund
Backup I: Fleet renewal schemes
Country
Incentive
Vehicle age
Duration
Austria
€ 1,500
> 13 years
01.04.200931.12.2009
France
€ 1,000
> 10 years
04.12.200831.12.2009
Germany
€ 2,500
> 9 years
14.01.200931.12.2009
Italy
€ 1,500-5,000
(cars)
€ 2,500-6,500
(LCVs)
> 9 years
07.02.200931.12.2009
(registration
until
31.03.2010)
€ 1,000 (petrol)
€ 1,250 (diesel)
> 10 years
> 15 years
01.01.200931.12.2009
Romania
€ 900 approx.
> 10 years
01.02.200931.12.2009
Spain
Interest-free
loan up to €
10,000
(Plan VIVE)
> 10 years or
> 250,000 km
01.12.200801.10.2010
€ 2,000
(Plan 2000E)
> 10 years
(purchase new)
> 12 years
(purchase
used)
Portugal
Country
Incentive
Vehicle age
Duration
Luxembourg
€ 1,500-1,750
> 10 years
22.01.2009 –
01.10.2010
Cyprus
€ 675 - 1,700
> 15 years
Ongoing
Slovakia
€1,000-1,500
> 10 years
09.03.2009 25.03.2009
€ 2,000
> 10 years
06.04.200931.12.2009
€ 750 – 1,000
€ 1,000- 1,750
> 13 years
> 9 years
2009-2010
Exact date
TBD
The
Netherlands
18.05.2009
Backup II: Vehicle production
Czech Republic and Skoda
Vehicle Production
Czech Republic
Skoda
2007: 0.94 million
2007: 0.62 million
2008: 0.95 million (+0.9%)
2008: 0.60 million (-3.1%)
Q4 2008: 0.20 million (-22.5%)
Q4 2008: 0.11 million (-39.0%)
Q1 2009: 0.21 million (-23.0%)
Q1 2009: 0.10 million (-45.5%)